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Aerodrome and Velodrome merge to launch Aero across seven networks

NewsFeeds update

Aerodrome and Velodrome, the main DEXs on Base and OP Mainnet, are merging to launch Aero, an on-chain spot exchange live on seven networks with roughly $120bn in combined monthly DEX volume. AERO and VELO will migrate to a new AERO token, with veAERO and veVELO converted to sAERO.

AltcoinsPANewsAIBullish

Read the original on PANews

The story so far: Aerodrome-Velodrome merger into Aero

Aerodrome and Velodrome merged into cross-chain DEX Aero on 21 October, with AERO converting 1:1 and each VELO to about 0.044 AERO. Upbit will suspend AERO deposits and withdrawals from 02:00 UTC on 3 November to support the Aerodrome Finance token swap.

  1. AERO and VELODROME to merge into cross-chain DEX Aero on 21 October

    AERO traded at $0.89, up 25.5% in 24 hours, and VELODROME at $0.038, up 22.1%. Aerodrome and Velodrome will merge on 21 October into cross-chain DEX Aero across Base, Ethereum mainnet, OP, Arc and Ink, adding Robinhood Chain and Arbitrum, with AERO and VELO merging into a…

    AltcoinsOdailyAI

  2. Coinbase to support AERO migration after Aerodrome-Velodrome merger

    Coinbase said it will support the token migration after Aerodrome Finance and Velodrome Finance merge into a new token, AERO. The exchange said support will run from 2 Nov through 4 Nov.

    AltcoinsCoinNessAINeutral

  3. Aerodrome and Velodrome merger to start on 21 October with token conversion terms

    Aero, the merged project of decentralised exchanges Aerodrome and Velodrome, set out conversion terms and a deadline, with the merger starting at 8pm US Eastern time on 21 October, when emissions on both old platforms stop. AERO converts 1:1 and each VELO converts to about 0.044 AERO, with Aerodrome holders getting 94.5% of the new supply and Velodrome holders 5.5%; combined value locked was about $422m as of 9 October.

    AltcoinsPANewsAINeutral

  4. Aerodrome and Velodrome merge to launch Aero across seven networks

    Aerodrome and Velodrome, the main DEXs on Base and OP Mainnet, are merging to launch Aero, an on-chain spot exchange live on seven networks with roughly $120bn in combined monthly DEX volume. AERO and VELO will migrate to a new AERO token, with veAERO and veVELO converted to sAERO.

    AltcoinsPANewsAIBullish

  5. Upbit to suspend AERO deposits and withdrawals for token swap

    South Korean exchange Upbit will temporarily suspend AERO deposits and withdrawals from 02:00 UTC on 3 Nov to support the Aerodrome Finance token swap.

    AltcoinsCoinNessAINeutral

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Every Altcoins update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.